I have the Chris Gudgeon biography of Stan Rogers. It has lyrics to all the songs. Concerning this song, it says, "Note that these lyrics, while different from those in the album notes, reflect the actual words Stan sang on the record." So it seems one has a choice between what Rogers sang on the record, and what got into the liner notes.

Joe Offer's "DT, corrected" version is almost exactly the same as Gudgeon's version (not surprising, as both were trying to reproduce what was sung on the record). But in verse 4, line 1, Gudgeon has "I'll never know what it was we struck". Verse 6, line 1, Gudgeon has "leak" instead of "hole". In line 3 of that verse, Gudgeon has "me" instead of "my".

I don't have a recording myself, so I can't weigh in with an opinion.